Ballard, Seattle Real Estate Update

If you are looking to buy or list homes for sale in Ballard, Seattle, there are two ways you can ensure you have a successful transaction. One is by choosing a qualified Ballard, Seattle realtor. The other is finding out what the current market conditions are. Knowing details like days on market, month supply and the average and median sold price of homes for sale in Ballard, Seattle can guide you whether you are a seller or a buyer. As a seller, you can understand how long Ballard, Seattle homes for sale are sitting active before they go pending. You also can list according to the comparable solds. The better your property is priced, the more likely you are to attract a lot of offers in record time. The best way to get this information is from a Ballard, Seattle realtor. This information changes constantly and most realtors in Ballard, Seattle pull from the NWMLS, which is the most accurate source. So how is this sought after neighborhood looking? Let’s check it out!

The average and median sold prices for Ballard, Seattle homes for sale have gone up. The median sold price is now $749,950 and the average is now $758,932. The average price per square foot is currently at $543. The percentage of list price is still 106.1%.

The amount of Ballard, Seattle homes for sale has gone down by 17.4%. New listings are down 6.8%, pendings are down 9.3% and closed sales are down 5%. Ballard, Seattle real estate has a .40 month supply. A balanced market needs 6 months and anything less than 4 is a seller’s market, which this area is in. If you are looking in this neighborhood, give me a call. As an experienced Ballard, Seattle realtor, I would be happy to help.